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Friday, December 12, 2014
BASF has entered into a definitive agreement to fully acquire the business and assets in Taiwan and mainland China of Taiwan Sheen Soon (TWSS, 台灣欣順), the global leader for thermoplastic polyurethanes (TPU) adhesives base material.
Shares in Taiwan closed lower Thursday, marking the fifth consecutive losing session, with selling sparked by a dive on Wall Street overnight, dealers said.
FSC head supports scrapping of capital gains tax plan
The chairman of the Financial Supervisory Commission (FSC,證券監督管理委員會) said Thursday that he supports a possible U-turn on the proposed capital gains tax in the stock market targeting major market players.
Australia's central bank governor Friday called on the nation's politicians to tackle the “real issue” of the country's growing budget deficit, saying action was needed to retain credibility in financial markets.
Thursday, December 11, 2014
First direct China-Spain freight train signals faster, cheaper, greener trade
The first freight train to link China directly to Spain arrived in Madrid on Tuesday after covering over 13,000 kilometers (8,000 miles) in a test run of a planned regular service between the two nations.
Taiwan ranked as the 10th largest trading partner of the United States for the first 10 months of this year, according to statistics released Tuesday by the U.S. Department of Commerce (DOC).
State-run Taiwan Power Co. (Taipower) said Wednesday that it could provide rebates to its customers early next year as dropping fuel prices have allowed the company to generate profits of some NT$20 billion (US$641 million) this year.
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Auto sales in China, the world's biggest car market, expanded 2.3 percent year-on-year in November, an industry group said Wednesday, the slowest for any month this year.
Finance Ministry eyes stake in 101
Finance Minister Chang Sheng-ford (張盛和) said yesterday that his ministry is attempting to expand its stake in Taipei 101 from 44.53 percent to 51 percent in a bid to gain management control.
Taiwan's economy will likely grow at a modest pace next year due to a lack of further trade liberalization and the impact of a gloomy global economy, Bank of America Merrill Lynch predicted on Wednesday.
  
  
  
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